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HKEx : 0762 | NYSE : CHUwww.chinaunicom.com.hk
12 August 2020
INTERIMRESULTS
Forward-looking Statements
2020 Interim Results 2
Certain statements contained in this presentation may be viewed as “forward-looking statements” withinthe meaning of Section 27A of the U.S. Securities Act of 1933 (as amended) and Section 21E of the U.S.Securities Exchange Act of 1934 (as amended). Such forward-looking statements are subject to known andunknown risks, uncertainties and other factors, which may cause the actual performance, financialcondition or results of operations of the Company to be materially different from any future performance,financial condition or results of operations implied by such forward-looking statements. In addition, we donot intend to update these forward-looking statements. Further information regarding these risks,uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filedwith the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with theSEC.
Management Present
Mr. He Biao Senior Vice President
Mr. Wang Xiaochu Chairman & CEO
Mr. Mai Yanzhou Senior Vice President
Mr. Liang Baojun Senior Vice President
Mr. Zhu Kebing Executive Director & CFO
Mr. Fan Yunjun Executive Director & Senior Vice President
Overall results
Financial performance
Highlights
2020 Interim Results 5
Adjustments in mobile development priority delivered initial success
Fixed-line business re-ignited rapid growth by empowering government & enterprise customers
Innovative businesses continued to grow robustly with huge value embedded
Successfully achieved 5G network “co-build co-share”, effectively enhancing edges & return
5
To push forward comprehensive digital transformation to firmly promote high-quality development
Sustainably enhanced growth quality & profitability through active transformation & in-depth mixed-ownership reform
Note: Unless otherwise stated in this presentation, 1. Service revenue = operating revenue – sales of telecommunications products. 2. EBITDA = profit for the period before finance costs, interest income, share of net profit of associates, share of net profit of joint ventures, other income - net, income tax,
depreciation & amortisation. 3. Net profit represented profit attributable to equity shareholders of the Company.4. Industry data sourced from MIIT website.
Resilient Results amid Epidemic
2020 Interim Results 6
(RMB Mil) 1H2019 1H2020 Change YoY
Service Revenue1 132,957 138,335 4.0%
Industry Internet Revenue 16,718 22,673 35.6%
EBITDA2 49,507 49,452 -0.1%
As % of Service Revenue 37.2% 35.7% -1.5pp
Net Profit3 6,877 7,569 10.1%
Basic EPS (RMB) 0.225 0.247 10.1%
Precise control & prevention of the epidemic, while accelerating comprehensive digital transformation
Innovating communications service offerings to turn adversity into opportunities
Outperformed industry revenue
growth4 of3.2% yoy
& GDP growth of
-1.6% yoy
Net Profit(RMB Bil)
5.91
6.88
1H2018 1H2019 1H2020
Growth Quality & Return Continued to Improve
2020 Interim Results 7
8.7%
12.6%
16.4%
1H2018 1H2019 1H2020
Industry Internet Revenueas % of Service Revenue
Cumulative Free Cash Flow1
(RMB Bil)
42.9
90.4
116.8 133.6
2017 2018 2019 1H2020
Note:1. Calculated the cumulative free cash flow generated since 2017, and excluded the impact of the adoption of IFRS 16 on free cash flow in 2019 & 1H2020, i.e. free cash flow = operating cash flow – CAPEX – capital element
of lease rentals paid
Focus · Innovation · Cooperation · Proactive Transformation
Service revenue mix further optimised Sustained profit growthFCF >RMB100 Bil over the past years
7.57
Adjustments in Mobile Development Priority Delivered Initial Success
2020 Interim Results 8
• Strengthened self-discipline on rational & orderly competition to deepen value-oriented operation
• Shifted focus from subscriber scale to quality & value
• Continued to strengthen Internet-oriented transformation & innovative differentiated operations
• Rigorously controlled customer acquisition cost, ineffective & low-value products & channels
• Stepped up 5G customer acquisition in a paced & targeted manner
Mobile ARPU & service revenue turned around
Mobile subs:8.95 Mil
Selling & marketing expenses
RMB 2.58 Bil
Mobile service revenue RMB 2.18 Bil
1H 2020
Value
39.0 38.6
37.7
38.8
40.1 40.1 40.0
41.8
3Q2019 4Q2019 1Q2020 2Q2020Mobile ARPU (RMB)
Mobile Service Revenue (RMB Bil)
Mobile ARPU & Revenue Trended Steady-to-Rising
2020 Interim Results 9
• Promote consumption upgrade through 5G innovative applications
• Leverage privileges, content & financial tools to improve product value, while strongly enhancing pan-integration penetration
• Step up promotion of new products integrating “communication capability + smart hardware + content & applications”
• Optimise performance management system & deploy Big Data analytics to enhance targeted marketing & customer retention
YoY Growth Re-emerged
-4.1%-3.3%
-2.1%
1Q2020 4.2020 5.2020 6.2020 7.2020
Mobile Service Revenue Growth (YoY)
1.0%
2H2020
1.6%
Accelerate 5G subscriber growth Sustain growth in ARPU & service revenue
5G network deployment accelerationProliferation & declining price of 5G terminals
More prevalent innovative applications
New Growth Engine in a New Era
• “New Infrastructure” policy & the epidemic further boosted demand for digitisation, cyberisation & intelligent transformation of the economy & society
• Broadly integrated development of innovative and fundamental businesses for mutual promotion
• Actively leveraged proprietary resources & edges to empower government & enterprise customers and enhance family customer experience & value
• 3 “gigabit-network” resources
• “Cloud + networks + applications” integrated servicing capability
• Innovative business servicing capability
• Better customer insights brought by the long-term & well-established relationship with government & enterprise customers
• Mixed-ownership reform advantages
32%
11%16%
41%1H2020
fixed-line service revenue
Broadband access &smart home
products
10.2%
IDC, IT services &cloud computing
32.7%
Leased line service
2.9%Others
1.6%
Rapid fixed-line business growth re-ignited
2020 Interim Results 10
Fixed-line Service Revenue(RMB Bil)
49.1 53.1
60.6 36.5%40.0%
1H2018 1H2019 1H2020As % of service revenue
43.8%
• Promoted the new integrated sales model (“cloud + smart networks + smart applications”), focusing on key industries application products
• Established innovative mechanism segregated from fundamental service, strengthened incremental return sharing mechanism, piloted core employee stock ownership scheme & profit sharing incentive for tech positions
• Strengthened innovative talent development with over 7k talents; recruited leading talents of CTO & senior architects at subordinate companies on a market-oriented basis
• Deepened business cooperation with strategic investors & industry leaders, with a number of JVs established, creating powerful alliance & synergisingedges
• Enhanced product standardisation & scale replication to expand margin progressively
• Actively nurture innovative 5G + vertical applications
Strong Growth Momentum of Innovative Businesses
2020 Interim Results 11
11.7
16.7
22.7
1H2018 1H2019 1H2020
Industry Internet Revenue(RMB Bil)
IDC Business – Capture “New Infrastructure” Strategic Opportunities
2020 Interim Results 12
6.98.2
10.1
1H2018 1H2019 1H2020
IDC Revenue1
(RMB Bil)Competitive advantages:
• Actively leverage integrated servicing edges (IDC + cloud + networks + applications) to offer total solutions
• Remarkable cost efficiency backed by the Group’s extensive resources & capabilities, e.g. network infrastructure, operation & maintenance, marketing, etc.
• 551 IDCs nationwide with centralised operation yield significant scale benefits & well-positioned to answer rising demand of CDN & MEC
• Key customers include our strategic investors (such as Tencent, Alibaba, Baidu, JD.com), financial institutions & government entities, etc.
• 2020E CAPEX & capacity pipeline: RMB2 Bil (focusing on high value and high demand areas), with >1/2 of new cabinets located in tier-1 cities
• 1H2020 average utilisation rate: >60%
Note:1. IDC revenue included IDC outbound bandwidth revenue.
234277
2019 2020E
No. of cabinets(thousand)
Tier-1 cities
36% 39%
Government & Enterprise Business Achieved Scale Breakthrough
2020 Interim Results
• Focused on key industries & key regions
• Launched “5G Lighthouse Initiative” to appeal & engage with industry-leading customers, while exploring innovative 5G business model
• Strengthened the centralised operation & unified platform for cloud computing, Big Data, IoT, AI & network security, enhancing the replicated use of fundamental capabilities to improve margin and delivery efficiency
• Enhanced R&D centralisation & product standardisation to push forward scale development & efficiency improvement
• Stepped up proprietary integration delivery capabilities to create differentiated edges
13
Integrated business model of “cloud + smart networks + smart applications” promoted the mutual development of innovative business & fundamental business
Cloud Computing Revenue
82% YoY
Government & EnterpriseRevenue
14% YoY
Leased Line Service Revenue
3% YoY
10.3 10.6
10.8 11.1
41.0 42.0
42.7 43.3
3Q2019 4Q2019 1Q2020 2Q2020
Fixed-line Broadband Access ARPU(RMB)
• The epidemic prompted demand for broadband network deployment & speed upgrade
• Adhered to rational & disciplined competition while promoting “3 gigabit integrated products” (gigabit 5G, gigabit broadband & gigabit Wi-Fi) in incumbent regions in Northern China & provincial capitals in Southern China
• Further raised network utilisation & deeply pushed forward broadband cooperation in Southern China
• Advanced the promotion of smart home products: WO Family “fixed-line”, “smart surveillance”, “video platform” & “home network deployment” to drive broadband access business, while facilitating other revenue growth (revenue in 1H2020: RMB2.7 Bil, 63% YoY)
• Focus on creating new edges such as integrated operation of marketing, maintenance & service, synergised operation of business & network
Broadband Service Sustained Positive Trend
2020 Interim Results 14
Fixed-line Broadband Access Revenue(RMB Bil)
Showcasing high-speed & smart home products advantages
5G Network Deployment
2020 Interim Results 15
• Added ≈150k 5G BTS, co-built & co-shared with China Telecom
• Achieved contiguous coverage in >50 cities with 210k 5G BTS, of which China Unicom built >100k
• Certain provinces successfully upgraded 4G BTS to 5G BTS by software at 2.1GHz band, while equipped with 3G / 4G / 5G functions through SDR
• 5G network upgrade to SA (standalone), assuring commercialisation in 4Q2020
• Co-build & co-share 250k 5G BTS with China Telecom , targeting to complete by end of 3Q2020
• >300k 5G BTS in service covering all prefectural cities nationwide
• Sharing of 300MHz of contiguous spectrum in 3.3-3.6GHz band, mainly for city coverage: 200MHz for outdoor (max.) & 300MHz for indoor (max.)
• Promote hybrid network deployment at 2.1GHz & 3.5GHz bands to enhance network capability and lower TCO (total cost of ownership)
≈RMB12.6 Bil ≈RMB35.0 Bil1H20205G CAPEX
2020E5G CAPEX
Maintain focused deployment, while fully leveraging “co-build co-share” advantages
Achieve 5G network quality comparable with the leading operator
Dynamic investment with due regard to technology advancement, value chain maturity, market & business demand, etc.
5G
Successfully Achieved 5G Network “Co-build Co-share”
2020 Interim Results 16
Network deployment pace, coverage & speed ALL DOUBLE
> RMB 40 Bil in CAPEX savings for the two operators combined
Substantial savings in OPEX including tower usage fee, network maintenance costs & utility charges for both parties
Expand “co-build, co-share & co-maintenance” with China TelecomDrive 4G network sharing in scale to fast rectify network shortcoming economically to support business development
Promote “co-build, co-share & co-maintenance” of transmission resources such as pole lines, pipelines, etc.
• Achieve 5G network scale, coverage & quality comparable with the leading operator
• Spectrum sharing to achieve the world’s prevailing fastest network
speed of low-to-mid bandwidth: 2.7Gbps• Boost 5G customer experience & partners’ confidence
Effectively Sharpen Edges & Return with Win-win
5G – Consumer Market
2020 Interim Results 17
Assuring customer value & experience enhancement: promoted 5G packages in a paced & targeted manner aligning with the progress of 5G network deployment & 5G handset supply
5G
Build 5G capability aggregation & open platform; leverage innovative cooperative model to drive featured services such as HD/4K/8K video, AR/VR, cloud gaming, etc.
Promote extensive value-chain cooperation to build a 5G pan-smart device ecosystem, integrating “device + content + application” to empower consumer Internet market development
5G terminal ASP continues to decline and gains adoption. 5G handset shipment rose to 61% of the overall handset shipment in China in June 2020
Focus on 5G touchpoint & integrated O2O multi-dimensional scenario targeted marketing
5G subscribers grew steadily as planned in 1H2020
5G subscriber growth sets to accelerate in 2H2020, as 5G network, terminal & applications gain maturity
2020 Interim Results 18
162 92
70
5G lighthouse customers
commercial contracts
showcase projects
5G – Government & Enterprise Customer Market
• Successfully commercialised a number of 5G lighthouse projects in industrial Internet, smart cities, healthcare, transportation & logistics, new media, energy & mining, etc.
• Accelerate industry products incubation - “integration + operation" products, “smart connection + data traffic" products, “open platform + application" products
• Promote industry eco-system with solid development of "China Unicom 5G Application Innovation Alliance” to empower customers
• Incorporate 5G + ABC elements into industry solutions to create competitive advantages
Mid-to-long-term: huge growth potential for 5G government & enterprise application revenue
~800alliance
members
China Unicom 5Gn Unique Edges
2020 Interim Results 19
Efficiently enhance edges & return with 5G network “co-build co-share”
Potential collaboration with 14 strategic investors & benefits from market-oriented system & mechanism reform, leveraging mixed-ownership reform
促进未来收入和价值提升
Established long-term relationship with government & enterprise customers; innovative business capabilities
1+1>2
Centralised IT system supports open cooperation• 100% user to be migrated to cBSS
system by end of the year
To drive revenue growth & value enhancement in future
Well-established Internet-oriented mindset & operation • 2I2C
• O2O omni-channel sales & marketing synergy
• Cloud-network integration and “four advancements” of networks
Promote High-quality Development
20
To push forward comprehensive
digital transformation
Returns
Competitiveness
Efficiency
Smart network transformation• “Four advancements” of networks• Cloud-network integration• Co-build & Co-share
Government & enterprise customer service transformation• Platform-based capability • Product standardisation• Centralised R&D • Proprietary integration delivery
Product & channel operation transformation• Internet-oriented products• O2O integration
System & mechanism transformation• Structural reform in the areas of
marketing, government & enterprise service & network
• Sub-division reform in all production scenarios
IT capability transformation• Centralised IT edges• Construction of smart middle office
Accelerate China Unicom’s “Five New” establishment
Fully unleash the advantages of mixed-ownership reform
Persistent in deepening the Strategy of Focus, Innovation & Cooperation
2020 Interim Results
Returns ·
Competitiveness·
Efficiency
Returns ·
Competitiveness·
Efficiency
Overall results
Financial performance
Key Financial Information
2020 Interim Results 22
(RMB Mil) 1H2019 1H2020 Change YoY
Operating Revenue 144,954 150,397 3.8%
Operating Expenses (137,238) (142,257) 3.7%
Operating Profit 7,716 8,140 5.5%
Finance Costs (1,180) (859) -27.2%
Interest Income 645 682 5.7%
Share of Net Profit of Associates1 689 732 6.2%
Share of Net Profit of Joint Ventures2 326 257 -21.1%
Other Income – Net 543 784 44.3%
Income Tax (1,849) (2,138) 15.7%
Net Profit 6,877 7,569 10.1%Note:1. Share of net profit of associates mainly included share of net profit of China Tower Corporation Limited.2. Share of net profit of joint ventures mainly included share of net profit of Merchants Union Consumer Finance.
(RMB Mil) 1H2019 1H2020 ChangeYoY
Operating Expenses (137,238) (142,257) 3.7% • Growth rate lower than operating revenue growth rate
Interconnection Charges (5,779) (5,094) -11.9% • Mainly due to decline in interconnection voice traffic
Depreciation & Amortisation (41,791) (41,312) -1.1% • Mainly benefited from good control of CAPEX in recent years
Network, Operation & Support (20,800) (22,220) 6.8% • Mainly due to growth in charges for the use of premises & equipment &
towers
- Tower Usage Fee1 (5,106) (5,452) 6.8% • Mainly due to the expansion of network scale
Employee Benefit (25,192) (27,503) 9.2%• Mainly due to the ongoing effort in incentive mechanism reform to
strengthen performance-based compensation & the growth of innovative talents
Costs of Telecommunications Products Sold (12,391) (11,603) -6.4% • Mainly benefited from strengthened value management
- Handset Subsidy (615) (4) -99.3% • Mainly benefitted from the innovative business model
Selling & Marketing (17,458) (14,879) -14.8% • Mainly benefitted from the business model transformation to rigorously control customer acquisition cost
G&A & Others (13,826) (19,646) 42.1% • See next slide for details
Effective Cost Control
2020 Interim Results 23
Note: 1. Excluding the impact of the adoption of IFRS 16, 1H2020 tower usage fee was RMB 9,295 mil, up 5.6% yoy. The data is for illustration purpose only and investors are cautioned not to rely on the data.
Appropriately Stepped up Initiatives to Fuel Rapid Development of Innovative Businesses
2020 Interim Results 24
1H2019 1H2020
Technical support expenseCost of IT servicesAdministrative expenses & others
4.89
6.12
8.64
Capitalise on the opportunities of digital transformation to enhance capabilities & promote scale development
13.83
19.65
G&A & Other Operating Expenses (RMB Bil)
2.39
4.46
6.9737% 39% Cost of
IT servicesIT services revenue
4.2 BilTechnical support
expense +
Cost of IT services
RMB
+Enhanced capabilities
6.0 BilRapid growth of Industry Internet
revenue RMB
YoY YoY
Efficient & Precise Investment to Create Value
2020 Interim Results 25
2020E
• Mobile network: Comprehensively push forward 5G network “co-build co-share” with China Telecom
Further improve LTE 900MHz coverage & suspend other 4G investment & projects of no business urgency
Promote 2/3G network simplification by regions to lower network operating costs & refarm spectrum
• Broadband network: Focus on gigabit access, while maintaining leading network coverage in Northern China & expanding the scale through private capital cooperation in Southern China
• Expedite intelligent network upgrade by advancing SDN, NFV & cloudification
• 1H2020: Network quality & customers’ perception on the rise in focused regions
• Real-time satisfaction rate for mobile & broadband up by 0.46 & 0.67 points respectively from the beginning of the year
• Industry-best network latency performance
强化网业协同,提升用户感知,促进业务发展Strengthen the synergy between business & network to enhance customer perception & business growth
61%
15%
24%
1H2020:RMB25.8 Bil
CAPEX Structure
57%14%
29%
Mobile networkFixed-line broadband & dataInfrastructure, transmission & others
2020E:≈RMB70.0 Bil
Strong Financial Position
2020 Interim Results 26
43.8%40.3% 39.9%
6.2018 6.2019 6.2020
Liabilities-to-Assets Ratio
51.1
30.3
20.5
6.2018 6.2019 6.2020
Interest-bearing Debts(RMB Bil)
Healthy free cash flowWell-positioned to capturenew 5G opportunities & create new value
Interest-bearing debts declining
Note: 1. The above 6.2019 & 6.2020 data excluded the impact of the adoption of IFRS 16. It is for illustration only & investors are advised not to rely on the above data.
To Elevate Shareholder Value through Quality & Efficiency Enhancement
2020 Interim Results 27
Deepen network & business integration
with precise investment to enhance
the edges of cloud-network integration
Strengthen centralised IT
operation & data governance to boost overall IT efficiency
Accelerate operating model transformation, to foster pan-marketing coordinated operation &
high quality development
Continue to promote value management
leveraging innovative revitalisation of operating assets & enhancement of
talent performance
Strengthen cash flow management and
promote transformation of resources allocation &
use to enhance productivity of all essential factors
Thank You !
Asia's No.1 Most Honored
Telecom Company
Asia's Best Corporate
Governance
(RMB Mil) 1H2019 1H2020 Change YoY
Mobile Service Revenue 78,691 76,516 -2.8%
Voice 15,403 12,839 -16.7%
Data Traffic 51,341 52,057 1.4%
Others 11,947 11,620 -2.7%
Fixed-line Service Revenue 53,134 60,566 14.0%
Voice 5,011 4,410 -12.0%
Broadband Access 20,646 21,874 5.9%
Others1 27,477 34,282 24.8%
Other Service Revenue 1,132 1,253 10.7%
Sales of Telecommunications Products 11,997 12,062 0.5%
Total 144,954 150,397 3.8%Note: 1. Mainly included revenue from IDC (1H2020: RMB 10,071 mil), IT services (1H2020: RMB 7,549 mil), cloud computing (1H2020: RMB 1,999 mil), leased line services (1H2020: RMB 6,961 mil) & others.
Appendix I: Revenue Breakdown
2020 Interim Results 29
Appendix II: Extracts from Unaudited Condensed Consolidated Interim Statement of Financial Position
2020 Interim Results 30
(RMB Mil) As at2019.12.31
As at2020.6.30
Current Assets 83,595 103,511
Non-current Assets 478,904 465,223
Total Assets 562,499 568,734
Current Liabilities 205,190 212,193
Non-current Liabilities 36,554 33,388
Total Liabilities 241,744 245,581
Total Equity 320,755 323,153
Unit 1H2019 1H2020
Mobile Business1
Billing Subscribers Mil 324.353 309.528
Billing Subscriber ARPU RMB 40.8 40.9
Total Handset Data Traffic Bil MB 14,602.7 18,025.6
Handset User DOU GB 7.4 9.4
Handset User MOU Mins 193.9 166.4
Incl: 4G1
Subscribers Mil 238.939 260.741
ARPU RMB 45.9 42.9
DOU GB 10.3 11.4
Fixed-line Broadband Business
Subscribers Mil 83.413 85.878
Access ARPU RMB 41.8 43.0
Fixed-line Local Access Business
Subscribers Mil 54.319 52.119
ARPU RMB 13.1 10.9
Appendix III: Key Operating Metrics
31
Note: 1. Mobile business data includes 5G subscribers
2020 Interim Results
(RMB Bil) 1H2019 1H2020 Change YoY
IDC 8.24 10.07 22.2%
IT Services 5.45 7.55 38.6%
Internet of Things 1.40 2.17 54.8%
Cloud Computing 1.10 2.00 81.7%
Big Data 0.53 0.89 67.4%
Total 16.72 22.67 35.6%
Appendix IV: Industry Internet Revenue Breakdown
2020 Interim Results 32
Appendix V: Deepened Cooperation with Strategic Investors (1)
33
Capital Cooperation 5G
Yunlizhihui YunjingCulture & Tourism Smart Steps
• Baidu• Established “5G+AI Joint Laboratory”
• Actively promote the commercialisation of autonomous driving applications based on 5G edge computing
• Tencent• Established “5G e-Sports Joint Laboratory”
• Rolled out 5G network slicing trials in various verticals
• JD.com• Explore new 5G applications targeting
logistics industry & industrial parks
• Rolled out 5G network slicing trials in various verticals
• Alibaba• Focus on UHD video applications in 5G era
Synergetic & powerful alliance with ever innovating cooperation models
• Upgraded smart products such as Smart Rivers & Lakes, Urban Brain, etc.
• Won >30 projects in 1H2020
• Established product portfolio with customisableindustry products & modules based on the core product platforms
• Won numerous projects nationwide
• Actively explore 5G edge computing applications
• Jointly built models & leveraged each other’s data to offer Big Data (financial, travel services and others) products, serving a number of government ministries & Global 500 enterprises, etc.
Environmental conservation &
smart cities
Tech + culture + tourism
“Demographic+”, connecting “people, things & enterprises”
2020 Interim Results
Appendix V: Deepened Cooperation with Strategic Investors (2)
2020 Interim Results 34
• Enhanced extensive cooperation in fundamental telecom services with strategic investors, e.g. China Life, Alibaba, Tencent, Baidu & JD.com
• In 1H2020, revenue of telecommunication services provided by China Unicom to its strategic investors 23% YoY
Telecommunications
• Cooperated with Alibaba & China Life on smart watch, digital insurance, etc. & continuously explored cooperation in ecology & channels, innovation & incubation, etc. with strategic investors
• Engaged in comprehensive cooperation with Alibaba, Tencent, JD.com & other strategic partners in mobile payment, travel services & smart wearable, etc. with nearly 20 mil smart connections
IoT
• Drove development of WO Cloud A & WO Cloud T (co-branded public cloud products) through “Cloud Fibre Smart Enterprise” project with nearly 130k customers
• In-depth cooperation with Alibaba on Ding Talk with 130k corporate customers & 52 mil users
• Continuous effort in exploring edge computing & CDN cooperation with strategic investors
Cloud Computing
Leverage partners’ strength to boost new energy for innovative development
• WO Wallet forged online cooperation with e-commerce platforms of JD.com, Alibaba & Suning, etc
• Jointly promoted instalment credit services with Ant Financial
• Cooperated with JD.com to jointly launch credit score products
Appendix V: Deepened Cooperation with Strategic Investors (3)
35
• Further expanded Internet touchpoints & privilege cooperation with Tencent, Alibaba, Baidu, JD.com & Didi, etc.
• Made use of e-vouchers to launch cross-sector cooperation with Alibaba, JD.com & Suning.com
• Fundamental telecommunication capabilities deeply integrated with the smart hardware & household applications of Internet companies such as Baidu, Alibaba & Tencent, creating new & competitive products while meeting user demand, and enhancing pan-smart terminal sales
• Deeply cooperated with Baidu’s iQiyi, Tencentvideo, and Alibaba’s Youku on IPTV & mobile video content, creating high quality premium video services leveraging 5G & gigabit broadband capabilities
Touchpoint Payment and Finance
Content Aggregation Smart Home
Leverage partners’ strengths to boost new energy for innovative development
2020 Interim Results
Appendix VI: China Unicom 5G Industry Applications
5G pilot IoV
5G + smart port 5G drone with 4K HD VR demo on river inspection
Remote first-aid coordinated among 3 locations
5G + thermal imaging body temperature screening
5G industrial Internet
5G epidemic prevention & control robot
2020 Interim Results 36
5G autonomous public transport